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this on a day when president obama said i have cut $1 trillion already in spending. that was part of last summer's budget deal. but he says that i am willing to do a lot more cuts in spending. you have a willingness to do spending cuts, a willingness from john boehner to raise revenues. however, we have been stuck on the details of this thing for the past two weeks here. the past three weeks or longer. the white house is putting an offer on the table. they were far apart in spending cuts. our part in revenues and the way they do increase tax revenues. republicans say no to any tax rate increase. how speaker john boehner says they will do it by limiting deductions next year. what the white house wants is an immediate tax rate increase on families earning more than $250,000 per year. they have been going round and round. there has been incredibly little progress in washington since the offers officers were first treated. with respect you could start to run up to christmas here. it could take up to three days to get something through the senate. republicans have to sell
this on a day when president obama said i have cut $1 trillion already in spending. that was part of last summer's budget deal. but he says that i am willing to do a lot more cuts in spending. you have a willingness to do spending cuts, a willingness from john boehner to raise revenues. however, we have been stuck on the details of this thing for the past two weeks here. the past three weeks or longer. the white house is putting an offer on the table. they were far apart in spending cuts. our...
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Dec 13, 2012
12/12
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every federal program is cut. and there's no signs of any progress from president obama and house speaker john boehner, which is raising the tension on capitol hill. abc's jonathan karl is there. and both sides are giving up hope of solving this by christmas. >> reporter: that's right. in fact, speaker boehner and republican leaders have warned rank and file republicans that they should be prepared to be here in washington, through christmas, and until the new year. the two sides don't even agree on what's holding everything up. the white house says that everything could be resolved quickly if republicans just agreed to raise tax rates on the wealthy. republicans say what's really the problem here is the white house won't get serious about spending cuts. >> everyone waiting on those two men. meanwhile, one of the side casualties may be that funding for the victims of hurricane sandy. >> reporter: that's right. i do not think that hurricane sandy funding, the $60 billion request from the white house, will get done
every federal program is cut. and there's no signs of any progress from president obama and house speaker john boehner, which is raising the tension on capitol hill. abc's jonathan karl is there. and both sides are giving up hope of solving this by christmas. >> reporter: that's right. in fact, speaker boehner and republican leaders have warned rank and file republicans that they should be prepared to be here in washington, through christmas, and until the new year. the two sides don't...
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Dec 13, 2012
12/12
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they are holding out for cuts to programs like social security. congressional leaders warn lawmakers not to make holiday travel plans. >> we are going to stay here right up until christmas eve throughout the time and period before the new year because we want to make sure that we resolve this in an acceptable way for the american people. >> meanwhile, fed chairman ben bernanke says the threat of the "fiscal cliff" is creating uncertainty in the economy. >> going home, guys. see you later. >> no comment from new jersey governor chris christie. but he did open up to barbara walters about his weight. he admitted that he is more than a little overweight but he says he has done thinks job well. christie says his size isn't something that would keep him from a run for the white house. it is rumored he is considering a presidential bid in 2016. if he does run, he might go up against secretary of state hillary clinton. also speaking to barbara walters, clinton says she does not plan to run but she did admit she is open to the opportunity. newt gingrich sa
they are holding out for cuts to programs like social security. congressional leaders warn lawmakers not to make holiday travel plans. >> we are going to stay here right up until christmas eve throughout the time and period before the new year because we want to make sure that we resolve this in an acceptable way for the american people. >> meanwhile, fed chairman ben bernanke says the threat of the "fiscal cliff" is creating uncertainty in the economy. >> going...
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Dec 13, 2012
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caller: we need to have more cuts. look at all the thousands obama has put on the payroll. we have 109 million government workers. 49 million people on food stamps whole. them with a free cell phone that has been given to them. if he cannot find any place to cut anything, how about 16,000 block that he's putting on disability. $16,000.ws and dollar host: where did you get that figure? caller: the pennsylvania department of public welfare was talking about how people on welfare are getting more money than people working. a family of three gets $6,300 for food, $6,000 for medical, 4300 for section 8 housing, a $5,000 check for something else. and free telephone. it's unbelievable. host: go back to that 109 million figure. you said working for the government or did you mismean receiving benefits from government? caller: yes. host: would you support any tax increases? caller: if there are absolutely some cuts made. we have sat down with the democrats before. they say they will make cuts and they never do. we all know the federal worker that arranged the trip to las vegas and si
caller: we need to have more cuts. look at all the thousands obama has put on the payroll. we have 109 million government workers. 49 million people on food stamps whole. them with a free cell phone that has been given to them. if he cannot find any place to cut anything, how about 16,000 block that he's putting on disability. $16,000.ws and dollar host: where did you get that figure? caller: the pennsylvania department of public welfare was talking about how people on welfare are getting more...
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Dec 13, 2012
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. >> gretchen: if income taxes go up, should president obama make spending cuts as well? 90 percent said yes. you know why they say yes? that would be fair. if you are going to makelet cuts and increase taxes. people want fair want all right. mr. president take a look. farrah play. >> brian: number one john boehner told everyone in the house plan on coming back after christmas. he said we might do a plan b extend the bush tax cuts. except for those making over $250,000 . reopen the debate for the debt ceiling. time seems too short to get this done and written up. >> gretchen: this is not about time. it is it about people standing their ground. negotiations go up to the last finite minute. people can stand at the courthouse. mr. #1: dont like the way it is working. >> gretchen: if they wanted a deal done. >> steve: the president doesn't want a deal. >> gretchen: they go to the last minute. they should fedex, the poll. income tax go up should the president agree it spending cuts. 89 percent of the americans whompt has that kind of approval rating in the united states. spend
. >> gretchen: if income taxes go up, should president obama make spending cuts as well? 90 percent said yes. you know why they say yes? that would be fair. if you are going to makelet cuts and increase taxes. people want fair want all right. mr. president take a look. farrah play. >> brian: number one john boehner told everyone in the house plan on coming back after christmas. he said we might do a plan b extend the bush tax cuts. except for those making over $250,000 . reopen the...
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Dec 13, 2012
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but when you look at the potential solutions, does obama have a mandate? we asked that question. you see very big numbers, 68% says he has a mandate to cut taxes for people who earn less than 250k. 65% say he has a mandate to raise taxes on the wealthy while cutting spending. both elements are important. and when you ask about eliminating the bush tax cuts for people who make more than 250,000, 59% say he has a mandate to do that. so the president clearly has the whip hand in the negotiations, but, of course, members of congress don't respond to national polls. they're fought elected nationally like the president. they're responding to their districtes and that's why we have a different number to solve. >> i saw a number on nightly last night that was sadly low. we try to make something out of it. who would you blame if we go over? and it was 19 to 24. that was weird, wasn't it? that's where -- >> well, i think in some respects -- >> 19 we plame i think the president and 24% would blame -- that's not very -- that's like 24%? that's all you can get for that? you can't even make a
but when you look at the potential solutions, does obama have a mandate? we asked that question. you see very big numbers, 68% says he has a mandate to cut taxes for people who earn less than 250k. 65% say he has a mandate to raise taxes on the wealthy while cutting spending. both elements are important. and when you ask about eliminating the bush tax cuts for people who make more than 250,000, 59% say he has a mandate to do that. so the president clearly has the whip hand in the negotiations,...
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Dec 13, 2012
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i think overwhelmingly, the majority of americans support president obama on raising the taxes on the wealthiest. but i thought this was interesting. a majority of republicans think cuts to entitlement programs, should be made now, even if it's tough on families. but democrats think they should be continued to be funded at their current levels, even if it means passing on trillions of dollars of debt to future generations. >> that is the fox news poll just to be clear. >> that is the fox news poll. >> you would think if the issue is the president ran on the idea of raising tax rates for the wealthy, got re-elected on that idea of raising tax rates for the wealthy, the majority of americans seem to support that, even now, in the midst of the negotiations. isn't it time to seal the deal and be done? the white house seems to be taking the stance that until you agree not just to raise tax revenue and tax rates, that is where the president is going to put his feet in the cement on the issue. so that seems to be the gateway to get to what the republicans want which is deeper spending cuts.
i think overwhelmingly, the majority of americans support president obama on raising the taxes on the wealthiest. but i thought this was interesting. a majority of republicans think cuts to entitlement programs, should be made now, even if it's tough on families. but democrats think they should be continued to be funded at their current levels, even if it means passing on trillions of dollars of debt to future generations. >> that is the fox news poll just to be clear. >> that is...
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Dec 13, 2012
12/12
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the white house is offering $340 billion in cuts to medicare and $250 billion in cuts to other programs. president obama spoke to abc's barbara walters about taxes on the rich going up whether republicans like it or not. >> prediction. are you going to be able to raise taxes? yes or no. >> oh, taxes are going to go up one way or the other. >> they are? >> and i think the key is to make sure that taxes go up on the high-end individuals like you and me, barbara, we can afford it. it is entirely possible for us to come up with a deal, but time is running short. >> the full interview between president obama and barbara walters will air friday at 10:00 p.m. on abc. we do know the president said this. "i'd like to see a big package, but the most important thing we can do is to make sure that middle class taxes do not go up on january 1st. raises the medicare eligibility age will not be a big part of this package." the president said," when you look at the evidence, it's not clear that it actually saves a lot of money." as these negotiations drag on, public opinion remains firmly on the side o
the white house is offering $340 billion in cuts to medicare and $250 billion in cuts to other programs. president obama spoke to abc's barbara walters about taxes on the rich going up whether republicans like it or not. >> prediction. are you going to be able to raise taxes? yes or no. >> oh, taxes are going to go up one way or the other. >> they are? >> and i think the key is to make sure that taxes go up on the high-end individuals like you and me, barbara, we can...
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Dec 13, 2012
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that president obama was asking us to do and that's what we sily did in august. so it is a president obama last signed bill that we are trying to offer an extension of. i reserve my time. the speaker pro tempore: the gentlelady from new york. ms. slaughter: mr. speaker i'm pleased to yield two minutes to the gentleman from minnesota, mr. wauleds. the speaker pro tempore: the gentleman is recognized for two minutes. mr. waums: thank you mr. speaker. -- mr. walz: thank you mechanic. -- mr. speaker. my discharge petition at the zesk a discharge petition the american people spoke loudly in. we faced an election and the message is clear to me, why do you continue to bicker and make these ka bouquet dance statements with one another when it shouldn't be that difficult. we came out of a constitutional convention, when i asked james madison what the secret to this new government was, compromise, compromise, compromise. to sit here and do what we're doing, not bringing this forward and releasing the tension on the middle class, making sure the economy knows there's abilit
that president obama was asking us to do and that's what we sily did in august. so it is a president obama last signed bill that we are trying to offer an extension of. i reserve my time. the speaker pro tempore: the gentlelady from new york. ms. slaughter: mr. speaker i'm pleased to yield two minutes to the gentleman from minnesota, mr. wauleds. the speaker pro tempore: the gentleman is recognized for two minutes. mr. waums: thank you mr. speaker. -- mr. walz: thank you mechanic. -- mr....
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Dec 13, 2012
12/12
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thought previsly, a new fox poll shows 3 a 3 to 1 margin, voters believe by enacting mostly spending cuts is the best way to deal with the problem. president obama continue its push his ultimatum on higher taxes for wealthy, and republican leaders responding by warning their members to be prepared for christmas in washington because of the stalemate. and joining us now, congressman devon nunez, a member of house aways and means committee. speaker saying they are separated by serious gaps here, what are your thoughts? >> i came on this show two weeks ago, i told you then that president wanted to go cliff diving, that is what he wants to do. he is not serious about getting a deal, if he was so serious, he would not have met with john boehner sunday morning then go out 24 hours later on a campaign stop to michigan railing about some middle class tax hike jarg onljargon he is using. he wants to go off the cliff,. lou: looking at that number. newest fox poll released a couple hours ago, that polls poe 5-- say 57% say that best way to deal with budget is with dedictions, and then, what we're se
thought previsly, a new fox poll shows 3 a 3 to 1 margin, voters believe by enacting mostly spending cuts is the best way to deal with the problem. president obama continue its push his ultimatum on higher taxes for wealthy, and republican leaders responding by warning their members to be prepared for christmas in washington because of the stalemate. and joining us now, congressman devon nunez, a member of house aways and means committee. speaker saying they are separated by serious gaps here,...
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Dec 13, 2012
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COM
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(laughter) today house speaker john boehner struck back with his plan to cut spending by demanding obama come up with boehner's plan to cut spending. (laughter) >> a lot of people know that the president and i met on sunday it was a nice meeting, it was cordial but we're still waiting for the white house to identify what spending cuts the president is willing to make, where are the presidents spending cuts? >> stephen: now critics say the speaker is just asking democrats to put specifics in into the republican proposal but i say that's kind of fun. it makes the budget into a giant mad-lib. for instance, we agree to cut ten be zillion from the program that gives ukuleles to the sticky poor. toilet boom! (cheers and applause) we will have more on this story -- if i have to. (laughter) nation, there's a danger lurking around every corner. that's why i say we must start making all of our buildings round. (laughter) this is the threat down. (cheers and applause) first up, folks, i always keep watch on our international enemies, especially north korea. and their dear leader kim jong-un. in my
(laughter) today house speaker john boehner struck back with his plan to cut spending by demanding obama come up with boehner's plan to cut spending. (laughter) >> a lot of people know that the president and i met on sunday it was a nice meeting, it was cordial but we're still waiting for the white house to identify what spending cuts the president is willing to make, where are the presidents spending cuts? >> stephen: now critics say the speaker is just asking democrats to put...
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Dec 13, 2012
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obama's tax increase request from $1.6 trillion to $1.4 trillion. uill unrealistic, republicans said. >> the president's call for $1.4 trillion worth of revenue. fhat cannot pass the house or or senate. w reporter: white house officials say republicans will find the president flexibility n future entitlement savings ond how income taxes must go inly if they give in on income tax rates. as much as ideology standing in the way now, is a lack of trust, that and a shared history of cutting deals with each side gives a little and survives politically. >> pelley: negotiations ley: negn. ryjor, thanks very much. we've been working today on that ootingng mall shooting in oregon last night. the police are now telling us us gunman was jacob roberts, 22 years old. 2e killed two shoppers, total strangers and then killed himself. what we don't know is why. whhn blackstone is in clackamas ounty, oregon. oregporter: 10,000 people were when tmall when the shooting began, the rush of christmas s opping became a rush to survive. bob schwab was walking nearby. what di
obama's tax increase request from $1.6 trillion to $1.4 trillion. uill unrealistic, republicans said. >> the president's call for $1.4 trillion worth of revenue. fhat cannot pass the house or or senate. w reporter: white house officials say republicans will find the president flexibility n future entitlement savings ond how income taxes must go inly if they give in on income tax rates. as much as ideology standing in the way now, is a lack of trust, that and a shared history of cutting...
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. >> president obama has been very firm on tax cuts for the reds routedwhich. he did wie election you think he has an edge in these discussions? >> right now this is between the grand bargain which is putting everything on the table, spending cuts revenue of the whole kit and caboodle that fell apart last summer or something that just kicks the can down the road. right now as we inch closer towards christmas kick the can becomes a more attractive option. >> the people around the country kicking the can does not sound like a good option. they want people to get this done and it does not sound like they're taking this seriously in washington. >> the question is whether they tried to get done? they're trying to avoid the social and economic shock to the market. >> they set up this fiscal cliff >> there are actually two fiscal cliff. there is the actual big budget cuts and the debt ceiling increase that comes in february. that is where all of this leverage is coming from. it is an inside baseball game that americans don't care about. all they care about is, is my 4
. >> president obama has been very firm on tax cuts for the reds routedwhich. he did wie election you think he has an edge in these discussions? >> right now this is between the grand bargain which is putting everything on the table, spending cuts revenue of the whole kit and caboodle that fell apart last summer or something that just kicks the can down the road. right now as we inch closer towards christmas kick the can becomes a more attractive option. >> the people around...
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Dec 13, 2012
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and president obama. who wants what? >> they want both houses to pass the middle-class tax cuts. there is a senate bill under the house house were to pass it, it would go right to the resident's desk for a -- president's desk for a signature. they want a commitment to do entitlement reform. they will not give on that particular issue. >> speaker boehner says he is preparing his members to work throughout christmas. do you think this'll come to fruition? >> i think it is likely we will be in session between christmas and new year's to resolve this. i think the speaker has to go the extra mile for his conference. it may be too soon to reach a deal with the president. >> there has been a flurry of back-and-forth calls of negotiations is chain the president and speaker boehner. any indication on progress? >> at this point, they are drawing lines in the stands. -- sand. it does not like anyone goes into a room and discusses anything. the parameters are shifting ever so slightly. at some point they will have to
and president obama. who wants what? >> they want both houses to pass the middle-class tax cuts. there is a senate bill under the house house were to pass it, it would go right to the resident's desk for a -- president's desk for a signature. they want a commitment to do entitlement reform. they will not give on that particular issue. >> speaker boehner says he is preparing his members to work throughout christmas. do you think this'll come to fruition? >> i think it is likely...
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Dec 13, 2012
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that's according to a news pal. 51% say president obama and congress will cut a deal to prevent automatic tax hikes and spending cuts. john boehner says he still has serious differences with the president after they exchanged new counteroffers apparently and talked on the phone last night. now some house republicans are vowing to work through the holidays to get the deal done. ed henry is live at the white house. that's a motivator i suppose, lose your christmas. >> normally when there is a holiday like that, you're right. this forces them to come to the table. right now they are still pretty far apart. there was a phone call you last night between the president and the speaker. officials on both sides telling me tonight the call was pretty tense because the bottom line is they are still not finding common ground. you listen to the speaker today, jay carney from the white house podium, they're still saying that they're farther apart on both spending cuts and tax increases. take a listen. >> mainly tax hikes. and as planned is it not begin to solve our debt crisis. it actually increases sp
that's according to a news pal. 51% say president obama and congress will cut a deal to prevent automatic tax hikes and spending cuts. john boehner says he still has serious differences with the president after they exchanged new counteroffers apparently and talked on the phone last night. now some house republicans are vowing to work through the holidays to get the deal done. ed henry is live at the white house. that's a motivator i suppose, lose your christmas. >> normally when there is...
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Dec 13, 2012
12/12
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the sticking point is not the tax rates, i think that real sticking point is cuts, democrats are not willing to put forward enough cuts to get republicans to say what they promised they would do, at least consider the rate going up. lou: this -- president comes with a dial, most recent counter offer, offer, i don't know why we are with him. has $2 of tax hikes for every well 70-cents of -- >> imaginary cuts. i suggestion that john boehner get a huge banner and wrap it around the capitol, "it's the spending, stupid." >> the truth is that tax receipts have risen, revenue for federal government has risen by 26%. 210, 2010, and 2011, there is room to perhaps give there. but, i have to ask you, am saying now. i was going to say, i think we're being gamed in a different way. i am now in school that believes this president doesn't to go over the cliff, also, i believe that republicans are now incentivized to go over the cliff, because they get two-for-one spending cuts and i believe that president is maintaining am bi ambiguity so s don't reaction. >> i believe there is a substantial truth,
the sticking point is not the tax rates, i think that real sticking point is cuts, democrats are not willing to put forward enough cuts to get republicans to say what they promised they would do, at least consider the rate going up. lou: this -- president comes with a dial, most recent counter offer, offer, i don't know why we are with him. has $2 of tax hikes for every well 70-cents of -- >> imaginary cuts. i suggestion that john boehner get a huge banner and wrap it around the capitol,...
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president obama to come up with a plan they can accept for spending cuts and tax revenues to avoid the so called fiscal cliff. time is running out now for both parties to reach a compromise. we have the latest. >> the deadline to avoid the fiscal cliff is december 316789 lawmakers have less time if they want get something together that congress can pass and the president can sign. >> the longer the white house road blocks this discussion, closer our economy gets to the fiscal cliff. >> in an interview, the president was optimistic a deal can be reached. >> i'm confident republicans would not hold middle class taxes hostage to try to protect tax cuts for high income individuals. >> monday night, white house sent speaker boehner on offer including $1.2 trillion in new revenue. yesterday, boehner sent a counter proposal back but looked almost exactly like their original plan. $800 in new revenue continues to be the sticking point. tax rates on the top earners. republicans insist the white house gives them specifics on the cuts the president is willing to make. yesterday spokesman brought
president obama to come up with a plan they can accept for spending cuts and tax revenues to avoid the so called fiscal cliff. time is running out now for both parties to reach a compromise. we have the latest. >> the deadline to avoid the fiscal cliff is december 316789 lawmakers have less time if they want get something together that congress can pass and the president can sign. >> the longer the white house road blocks this discussion, closer our economy gets to the fiscal cliff....
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president obama, house speaker john boehner held another phone call last night. here is speaker boehner on that. >> there were some offers that were exchanged back and forth yesterday. and the president and i had a pretty frank conversation about just how far apart we are. >> as we mentioned just last hour, take a look at the graph, these two sides have moved closer on taxes over the last couple of weeks. speaker boehner offered up $800 billion in new tax revenues after insisting on none. the president just this week, he's come down a little bit to $1.4 trillion but still no dice. no deal. cnn's sandra endo is standing by at reagan national airport, across the potomac from washington. so, sandra, if we hit this fiscal cliff, all the spending cuts kick in, what effect will that have on air travel? >> reporter: the big unknown is still how it will affect the everyday traveler. and that is certainly something a lot of people here are wanting to figure out. as for the air traffic controllers union, they released a statement this afternoon saying that it would be a ma
president obama, house speaker john boehner held another phone call last night. here is speaker boehner on that. >> there were some offers that were exchanged back and forth yesterday. and the president and i had a pretty frank conversation about just how far apart we are. >> as we mentioned just last hour, take a look at the graph, these two sides have moved closer on taxes over the last couple of weeks. speaker boehner offered up $800 billion in new tax revenues after insisting on...
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focuses on cutting spending and not just raidsing taxes. we want to live in an america where it is easier for middle class families to find those jobs, not harder. we want to live in an america where our job creators are able to ex-tand -- to expand and they're not forced to make the difficult cuts. and we want our children to grow up in an america where their opportunities are limitless. that's what the fiscal cliff is all about. it's about people. not politics. it's about protecting america's future. not repeating the mistakes of the past. with that, i'm proud to introduce my colleague, christi -- kristi noem from south dakota. >> good afternoon. thank all of you for coming. i was having a conversation with my 10-year-old son the other day, talking about lessons i had learn from my grandfather. my grandfather had always taught me that those people you are indebted to, they control you. they control your decisions, your opportunities, and what your future is going to be. right now, the amount of debt our children have sit ogen their heads
focuses on cutting spending and not just raidsing taxes. we want to live in an america where it is easier for middle class families to find those jobs, not harder. we want to live in an america where our job creators are able to ex-tand -- to expand and they're not forced to make the difficult cuts. and we want our children to grow up in an america where their opportunities are limitless. that's what the fiscal cliff is all about. it's about people. not politics. it's about protecting america's...
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it would extend for one full year all of the bush-era tax cuts on middle-class families. now, that's sitting in front of the house of representatives. president obama has said, if they pick it up and pass it tomorrow, i'll put my pen to tot immediately. that's one thing that could be done right now. but the house republicans will not take it up. i say, if they were to take it up today -- they are not doing anything over there anyway -- pick it up today, pass it, the president signings it, i sigh you're going to see a -- i think you're going to see middle-class families do a little more christmas shopping and that'll help spur our economy. i would point out that some of my friends on the other side of the aisle here and in the house have been talking about do that very thing. so there are some republicans that recognize that this would be one of the best things we could do; that is, pass the middle-class tax cut that we passed here in july. nonetheless, i keep hearing that what we really need to do to drove the so-called fiscal cliff -- to address the so-called fiscal clif
it would extend for one full year all of the bush-era tax cuts on middle-class families. now, that's sitting in front of the house of representatives. president obama has said, if they pick it up and pass it tomorrow, i'll put my pen to tot immediately. that's one thing that could be done right now. but the house republicans will not take it up. i say, if they were to take it up today -- they are not doing anything over there anyway -- pick it up today, pass it, the president signings it, i...
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tax cut. they're going to have to vote against it. the first vote of this new congress, they're going to have to vote against a middle class tax cut. no win for these guys if they don't pass it in the next week. they can't word it between now and then. crafting a bill actually takes some time and some process. >> stephanie: yep. megan in akron ohio. hi welcome. >> caller: hi. i just have a question for you. about the viability of a challenge to this in michigan. what can they do? >> stephanie: megan, i was doing that story earlier that the unions are saying -- this fight is not over. there may be a way you know, to be able to -- i don't know the technical term for it. basically to be able to put it back -- >> negative ballot initiative. some other options. >> stephanie: if they get enough signatures -- >> the history is not on their side. every time they try to do that, it has been -- >> stephanie: look at sb5 in ohio. take heart from that. i want to ask you quickly -- [ ♪ "world news tonigh
tax cut. they're going to have to vote against it. the first vote of this new congress, they're going to have to vote against a middle class tax cut. no win for these guys if they don't pass it in the next week. they can't word it between now and then. crafting a bill actually takes some time and some process. >> stephanie: yep. megan in akron ohio. hi welcome. >> caller: hi. i just have a question for you. about the viability of a challenge to this in michigan. what can they do?...
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to, with a plan that they can accept for spending cuts and tax revenues. the budget reductions are set to kick in at the end of the year. most of the white house and the republicans are calling for the other side to release what they plan to do. but no side has released any details. the spending cuts will go into effect at the first of the year. many economists stated that it could plunge the economy back into recession. >> bay area knows. the city of lafayette is hoping to have the giant sinkhole that opened up after last weekend's storm repaired by christmas. the city has hired emergency contractors see-seat mires for the job. that sinkho form athe sinkhole r mountain view drive after a storm drain failed. it was initially thought that the road would be closed for the entire winter. >> the cleanup and repairs related to a water pipe break this in a river of mud flowing into a city neighborhood last month was expected to cost about a million dollars. repairs was also be made to the 8 in. water main that cracked open november 13th. city officials said the
to, with a plan that they can accept for spending cuts and tax revenues. the budget reductions are set to kick in at the end of the year. most of the white house and the republicans are calling for the other side to release what they plan to do. but no side has released any details. the spending cuts will go into effect at the first of the year. many economists stated that it could plunge the economy back into recession. >> bay area knows. the city of lafayette is hoping to have the giant...
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Dec 12, 2012
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we have 20 days left to avoid the automatic tax hikes and spending cuts. >> reporter: good morning. there's never been more activity than we've seen in the last 24 hours but activity does not necessarily mean the country's averti any closer to averting the fiscal cliff. president obama telephoned house speaker john boehner tuesday afternoon.rnoo sources describe the exchange as tense. at issue a new republican budget budg proposal, one that came after mr. obama sent an offer to mr. boehner tuesday. before boehner took to the house floor to criticize the president. >> the longer the white house ze slow walks this process the closer our economy gets to the fiscal cliff. >> reporter: mr. obama's new proposal lowered his request for tax revenue from $1.6 trillion in ten years to $1.4 trillion.trillion on tuesday the white house threw corporate tax reform into the mix, adding it to the already agreed upon push next year for reform of individual tax rates.dismisse boehner's described it as unrealistic and said the tax revenue was "a red herring." the top senate democrat doubted a fiscal c
we have 20 days left to avoid the automatic tax hikes and spending cuts. >> reporter: good morning. there's never been more activity than we've seen in the last 24 hours but activity does not necessarily mean the country's averti any closer to averting the fiscal cliff. president obama telephoned house speaker john boehner tuesday afternoon.rnoo sources describe the exchange as tense. at issue a new republican budget budg proposal, one that came after mr. obama sent an offer to mr....
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, president obama moved ahead following threw on a campaign promise to help with student loan program thesms pay as you earn program, starting next friday, will accept applications and cap repayment at 10% of discretionary income. mr. courtney: an individual with $26,000 in income and $36,000 in debt will see their payments drop from $166 a month to $126 a month. you can apply for this online or contact your move congress. let's get away from this fiscal cliff. con garagelations to the president for following through with young americans to make sure they get money to pay for college. the speaker pro tempore: for what purpose does the gentlelady from illinois seek recognition? >> i ask unanimous consent to address the house for one minute. the speaker pro tempore: without objection, so ordered. mrs. schmidt: i rise to highlight -- ms. schakowsky: the production tax credit is essential for energy independence, the environment and public health and it is critical for job creation and our economy. the production tax credit has helped create good paying jobs across the country including 7
, president obama moved ahead following threw on a campaign promise to help with student loan program thesms pay as you earn program, starting next friday, will accept applications and cap repayment at 10% of discretionary income. mr. courtney: an individual with $26,000 in income and $36,000 in debt will see their payments drop from $166 a month to $126 a month. you can apply for this online or contact your move congress. let's get away from this fiscal cliff. con garagelations to the...
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Dec 12, 2012
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president obama and congressional republicans remain split on raising taxes on upper middle-class americans. susan mcginnis is in washington with the latest now. susan, good morning to you. >> hi. good morning, terrell. both sides are talking publicly about what they want. the gop pushing back against that. but privately negotiations do continue. in an exclusive interview airing on abc's "20/20" this friday night, president obama says he's optimistic a deal will be reached, and he's confident the gop won't hold the middle-class taxes hostage to protect higher income americans. >> taxes are going to go up one way or the other, and think the key is to make sure the taxes go up on higher individuals like you and me, barbara. we can afford it. >> reporter: earlier on tuesday the president and house speaker john boehner shared a phone call to discuss the latest republican proposal. it comes after the obama administration lowered its request for new tax revenue from $1.6 trillion in over ten years to 1.4 trillion. but before the call boehner was critical of the president. >> right now the america
president obama and congressional republicans remain split on raising taxes on upper middle-class americans. susan mcginnis is in washington with the latest now. susan, good morning to you. >> hi. good morning, terrell. both sides are talking publicly about what they want. the gop pushing back against that. but privately negotiations do continue. in an exclusive interview airing on abc's "20/20" this friday night, president obama says he's optimistic a deal will be reached, and...
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Dec 12, 2012
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KRON
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so far president obama and republicans and not able work out a budget compromise. they appear to be getting closer and how much to cut from the federal budget and how much tax revenue to raise. at the same time we're here from house democrats that the deal may not be done by christmas. >> and world news north korea's launch of a long- range rocket and satellite is sparking international outrage this morning. the white house is calling the launch " a highly provocative act that threatens regional security on " south korean and japanese officials think the launch is a cover for the test of the ban ballistic missile. japan filed a strong protest with north korea and is looking to the united nations security council for consultations on the launch. the associated press is reporting that an undermanned american space experts as the rocket launch put a satellite into orbit. >> the united states is following france and the united kingdom and recognizing the new syrian opposition coalition as the " sole legitimate representative of " of the syrian people. the recognition c
so far president obama and republicans and not able work out a budget compromise. they appear to be getting closer and how much to cut from the federal budget and how much tax revenue to raise. at the same time we're here from house democrats that the deal may not be done by christmas. >> and world news north korea's launch of a long- range rocket and satellite is sparking international outrage this morning. the white house is calling the launch " a highly provocative act that...
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Dec 12, 2012
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let them take spending cuts and be fiscally responsible. the pros and cons, i have seen people that do not pay in and get $1,000. but it does not matter how much we pay or take away, but there is still spending. i do not care what your income is, i am a real-estate agent. that is how i make a living. it is very important for a young couple, to put them in a home. to help them throughout the years. far as i'm concerned, president obama had unlimited spending dollars. host: how much does the mortgage deduction help you and your business? caller: it is extremely important. host: does it help your bottom line? do you think you do more sales? caller: yes, it does. it makes more people eligible. these kids, these couples, they work very hard to say about their money, their down payment. yes, it is very important. host: this is what vivian says on twitter -- host: anthony responds by saying -- host: this news from "the wall street journal." "unions deliver a blow." with a look at what is happening in michigan, thousands of union supporters turned
let them take spending cuts and be fiscally responsible. the pros and cons, i have seen people that do not pay in and get $1,000. but it does not matter how much we pay or take away, but there is still spending. i do not care what your income is, i am a real-estate agent. that is how i make a living. it is very important for a young couple, to put them in a home. to help them throughout the years. far as i'm concerned, president obama had unlimited spending dollars. host: how much does the...
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Dec 12, 2012
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they wanted the obama plan. >> his respect and popularity would go through the roof. >> president jim hoffa next. >> this is "the bill press show." [ music ] every day presents another exciting issue. from financial regulation, iran getting a nuclear bomb, civil war in syria, fraud on wall street, destruction of medicare and medicaid. there are real issues here. having been a governor, i know that trade-offs are tough. things everyday exploding around the world that leave no shortage for exciting conversations. i want our viewer to understand why things have happened. at the end of the show, you know what has happened, why its happened and more importantly, what's going to happen tomorrow. >> heard around the country and seen on current tv. >> 33 minutes after the hour now. this is the full court press, coming to you life from our nation's capitol, brought to you today by the international brotherhood of teamsters under president jim hoffa. we live better because their good work building america. you can find out more about their good work at the website www.teamster.org and if you th
they wanted the obama plan. >> his respect and popularity would go through the roof. >> president jim hoffa next. >> this is "the bill press show." [ music ] every day presents another exciting issue. from financial regulation, iran getting a nuclear bomb, civil war in syria, fraud on wall street, destruction of medicare and medicaid. there are real issues here. having been a governor, i know that trade-offs are tough. things everyday exploding around the world that...
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. >> steve: it is tax cuts for the middle class if president doesn't do something. peter doocy is life in washington. >> the speaker of the house john boehner thinks that president obama moved the goal post again yesterday. even though the president is asking for 1.4 trillion in new taxes over the decade which is 200 billion less than the initial offer, the republicans are not moving. their counter offer for 800 billion over a decade same as before and republican aids are telling us there is's big gulf between the sides on detailings. republicans don't think that the president is specific enough about the spending cuts he's willing to pass. >> the president doesn't agree with our approach. he's got an obligation to put forward a plan to pass both chambers of congress. right now the american people have to be scratching their head and wondering when the president is going to get serious. >> officials privately expresss would increased optimism about a deal with one senior audiovisor saying that democrats and republicans moved 75 percent of the way toward a deal and i
. >> steve: it is tax cuts for the middle class if president doesn't do something. peter doocy is life in washington. >> the speaker of the house john boehner thinks that president obama moved the goal post again yesterday. even though the president is asking for 1.4 trillion in new taxes over the decade which is 200 billion less than the initial offer, the republicans are not moving. their counter offer for 800 billion over a decade same as before and republican aids are telling us...
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Dec 12, 2012
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KGO
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obama has cut his demand for new revenue from tax hikes but continues to insist on higher taxes for the wealthy. boehner's counter offer was almost what republicans have been offering all along, $800 billion in tax revenues, none of them generated by higher tax rates. that stalemate is causing irritation for the senate female members. starting in january, there will be 20 of them, a new record. and they told diane sawyer if they were in charge, well, a deal would already be done. >> what i find is with all due deference to our male colleagues that women's styles tend to be more collaborative. >> i think by nature, we are less confrontational and more collaborative. and having us in the room, and i think all of us, not only do we want to work in a bipartisan way, we do it. >> certainly a turning point now for the senate in the chamber next year. it will be the first-ever females from the states of massachusetts and nebraska, as well as the first asian-american woman and the first openly gay senator as well. >> let's hear it for the girls. >> let's hear it for all that diversity. >> for t
obama has cut his demand for new revenue from tax hikes but continues to insist on higher taxes for the wealthy. boehner's counter offer was almost what republicans have been offering all along, $800 billion in tax revenues, none of them generated by higher tax rates. that stalemate is causing irritation for the senate female members. starting in january, there will be 20 of them, a new record. and they told diane sawyer if they were in charge, well, a deal would already be done. >> what...
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Dec 12, 2012
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president obama says he won't budge when it comes to ending the bush tax cuts for the wealthy. and as rumors mount that some republicans may be willing to give ground on taxes, conservatives in the party are shouting, "remember the alamo!" and demanding their leaders in congress yield not an inch. dozens of conservative activists, outraged at the prospect of compromise, have sent an open letter to republicans in the house and senate "to stand firm and not surrender your conservative principles." their hero, of course, is this man, known around town simply as grover. no, not the muppet, but chief enforcer of the notorious norquist pledge against taxes. republican candidates for office must sign or risk defeat by right-wing candidates in primaries where a turnout of die-hard partisans can decide the outcome. among republican politicians, fear of grover has been greater even than fear of god, and such fear has kept republicans in congress from voting to raise taxes for 22 years, all the way back to 1990. mickey edwards was still in congress then. an eight-term representative from
president obama says he won't budge when it comes to ending the bush tax cuts for the wealthy. and as rumors mount that some republicans may be willing to give ground on taxes, conservatives in the party are shouting, "remember the alamo!" and demanding their leaders in congress yield not an inch. dozens of conservative activists, outraged at the prospect of compromise, have sent an open letter to republicans in the house and senate "to stand firm and not surrender your...
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Dec 12, 2012
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speaker boehner said he is waiting on president obama to outline spending cuts. this is a kind of strange thing for the speaker to say. president obama outlined very specific cuts in his proposal to the republicans. republicans have not offered anything specific in cuts whatsoever. of course, nothing specific in revenue whatsoever. all generalizations. the republicans want more spending cuts. tell us what you want. that is what i say to them. we cannot read their minds. we are not going to make a proposal for them. republicans know perfectly well that democrats are willing to make tough choices on these issues, if they understand, which i hoped they do by now, we are going to look out for the middle class first. the only thing standing in the way of an agreement is republicans, their insistence on holding tax cuts for middle- class families hostage to bring on the fiscal cliff. there is a lot of bluster coming from republicans, but that is crumbling quickly. every day, we read about more republicans breaking ranks, calling out the speaker to allow tax rates to ri
speaker boehner said he is waiting on president obama to outline spending cuts. this is a kind of strange thing for the speaker to say. president obama outlined very specific cuts in his proposal to the republicans. republicans have not offered anything specific in cuts whatsoever. of course, nothing specific in revenue whatsoever. all generalizations. the republicans want more spending cuts. tell us what you want. that is what i say to them. we cannot read their minds. we are not going to make...
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Dec 12, 2012
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return in dribs and drabs on the american middle class, they keep the majority of revenue, spending cuts can be finessed. lou: we looked at total spending under boehner plan and as we understand them obama plan, and no plan, they end ought about the -- end at about the same place in 2022. this is madness. >> the obama drama that is surrounding this negotiation. over an inconsequential increase of a tax over 2%, and no affect, across 10 years of national debt that is madness. >> this is nuts, it is unnecessary, but this is politics, it has nothing to do with policy. lou: and who is the beneficiary of that? >> well, look, president obama ran on this he was elected with a margin that is substantial enough to warrant this public opinion supports him, public opinion supports his position, and public opinion will support obama over the republicans if we go over the cliff, he will go over the cliff rather than take a bad deal. and making sure that tax rates on wealthiest go up is a big part of that deal. >> he ran on half of tax increases proposing, he ran on a planned approach, i'm sorry this
return in dribs and drabs on the american middle class, they keep the majority of revenue, spending cuts can be finessed. lou: we looked at total spending under boehner plan and as we understand them obama plan, and no plan, they end ought about the -- end at about the same place in 2022. this is madness. >> the obama drama that is surrounding this negotiation. over an inconsequential increase of a tax over 2%, and no affect, across 10 years of national debt that is madness. >> this...
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president obama outlined specific cuts in his proposal to the republicans. republicans have not offered anything specific in cuts whatsoever. and nothing specific in revenue whatsoever. all generalizations. republicans want more spending cuts. tell us what you want, we say to them. we cannot read their minds. we will not make a proposal for them. they know that we are willing to make tough choices on these issues. i hope they understand by now that we will look out for the middle class first. illinois standing in the way of an agreement is republicans. -- the only thing standing in the way of an agreement is republicans. there is a lot of bluster coming from the republicans about society kremlin quickly. every day -- crumbling quickly. they are calling on the speaker to let tax rates rise. yesterday it was coburn. today was another. he said he would take raising rates are the top 2 bracket -- and went on with other things he wanted. he wants the rates to go up on the top 2 brackets. i am confident that agreement can be reached. >> [inaudible] some republican
president obama outlined specific cuts in his proposal to the republicans. republicans have not offered anything specific in cuts whatsoever. and nothing specific in revenue whatsoever. all generalizations. republicans want more spending cuts. tell us what you want, we say to them. we cannot read their minds. we will not make a proposal for them. they know that we are willing to make tough choices on these issues. i hope they understand by now that we will look out for the middle class first....
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Dec 11, 2012
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president obama outlined specific cuts in his proposal to the republicans. while republicans have not offered anything specific in cuts whatsoever, and of course nothing specific in revenue whatsoever. all generalizations. the republicans want more spending cuts, tell us what you want. that's what i say to them. we can't read their minds. we're not going to make the proposal for them. republicans know perfectly well that democrats are willing to make tough choices on these issues, if in fact they understand, which i hope they do by now, that we're going to look out for the middle class first. the only thing standing in the way of an agreement is republicans. their insistence on holding tax cuts for middle class families hostage to the fiscal cliff. there's a lot of bluster coming from republicans but that facade is crumbling quickly. every day we read about more republicans breaking rank, calling on the speaker to allow tax rates to rise on the wealthiest. yesterday, it was carson and culver. today former governor haley barbour, here's what he said. i as a r
president obama outlined specific cuts in his proposal to the republicans. while republicans have not offered anything specific in cuts whatsoever, and of course nothing specific in revenue whatsoever. all generalizations. the republicans want more spending cuts, tell us what you want. that's what i say to them. we can't read their minds. we're not going to make the proposal for them. republicans know perfectly well that democrats are willing to make tough choices on these issues, if in fact...
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protesters have gathered inside the statehouse saying the law could lead to big pay cuts. yesterday, president obama spoke out against it forcefully. 23 states, the ones in yellow, have the right-to-work laws. to pass in the state of michigan is a huge development. that is the heart of organized labor. a defeat there could signal trouble if unions across the nation. we have mike tobin from the capital in lansing. what is the status of the legislation? >>reporter: a bill regarding right-to-work for public sector employees is on the way to the governor's desk. a similar bill for private employees is hung up by a motion to reconsider which needs to be approved by the legislature falling on party lines. the motion will fail. it is a way of saying the bill related to private sector employees is on the way to the governor's desk but taking a longer time to get there. the democratic leadership will admit right-to-work is going to be a reality in the cradle of organized labor. >>shepard: what is the scene like? >>reporter: it is calmed down. there was a dustup earlier. there was o
protesters have gathered inside the statehouse saying the law could lead to big pay cuts. yesterday, president obama spoke out against it forcefully. 23 states, the ones in yellow, have the right-to-work laws. to pass in the state of michigan is a huge development. that is the heart of organized labor. a defeat there could signal trouble if unions across the nation. we have mike tobin from the capital in lansing. what is the status of the legislation? >>reporter: a bill regarding...
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Dec 11, 2012
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president obama has offered not real specific plan for spending cuts. in fact he has offered to, he wants to do a little bit of economic stimulus for job creation. but he has offered about 400 billion in medicare cuts as a starting point. but president obama is, seems to be going to the mat on raising the top two tax brackets for households earning 250,000 or more. and this is what the republicans, political and for historical reasons have had the most trouble with. >> host: house republicans according to the "usa today", we're looking 300 billion in mandatory savings and 300 billion in discretionary savings. that is their proposal so far put out by the speaker. what are we talking about here? >> guest: the best indicator of that would be the budget passed by the house compiled by paul ryan, the chairman of the budget committee who recently ran for vice president and it includes budget category cuts like in transportation or in social services for income security. it doesn't get down to the specific programs level but he is talking, you know, 26% cut in
president obama has offered not real specific plan for spending cuts. in fact he has offered to, he wants to do a little bit of economic stimulus for job creation. but he has offered about 400 billion in medicare cuts as a starting point. but president obama is, seems to be going to the mat on raising the top two tax brackets for households earning 250,000 or more. and this is what the republicans, political and for historical reasons have had the most trouble with. >> host: house...
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Dec 11, 2012
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it is on the table for cuts to avoid going over that cliff. joining me with the take on how this affects you and the housing market overall is they're serious about that at this point. both candidates, president obama and mitt romney were not willing to address it in the debate. now it is on the table. what do you think our viewers should know. >> we have been talking about mortgage interest deduction back through the campaign but they're getting more specific for one possibility, the amount will be capped instead of 1 million or the rate at which mortgage could be deducted would be lower than the top marginal tax rate. cheryl: let's say i am deducting $100 so at this point it is thirty-five dollars but my deduction will be 28. >> one option, instead of being able to deduct $35 for every $100 of interest it might be $28. that is one option. cheryl: one third of filers in this country itemized deduction, a big piece of that is the mortgage interest deduction. half of those that use the mortgage interest deduction filers of the biggest percentag
it is on the table for cuts to avoid going over that cliff. joining me with the take on how this affects you and the housing market overall is they're serious about that at this point. both candidates, president obama and mitt romney were not willing to address it in the debate. now it is on the table. what do you think our viewers should know. >> we have been talking about mortgage interest deduction back through the campaign but they're getting more specific for one possibility, the...
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Dec 11, 2012
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he said president obama is refusing to lead on spending cuts. and he accused him of shaking down top earners for more tax money. >> until the president gets specific about cuts, nobody should trust democrats to put a dime in revenue toward real deficit reduction. >> at the same time, democrats rallied on capitol hill this morning with a warning of their own. >> to all you negotiates -- negotiators who are negotiating on this so-called fiscal cliff and stuff, keep your hands off medicare and keep your hands off medicaid. >> reporter: speaker john boehner is expected to make comments on the house floor. this is the first time we'll hear from him since he met with president obama at the white house on sunday. alison burns, ktvu channel 2 news. >>> 8:16. in afghanistan. >> , the head of the women's affairs -- the head of the women's affairs was shot to death. the husband of nadia said she was attacked by masked gunmen as she headed to work. this is images from her funeral. she took over the job after the woman killed by the bomb had it. >>> the rela
he said president obama is refusing to lead on spending cuts. and he accused him of shaking down top earners for more tax money. >> until the president gets specific about cuts, nobody should trust democrats to put a dime in revenue toward real deficit reduction. >> at the same time, democrats rallied on capitol hill this morning with a warning of their own. >> to all you negotiates -- negotiators who are negotiating on this so-called fiscal cliff and stuff, keep your hands...
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obama wants to raise them for households earning more than $250,000 a year. he has so far resisted gop demands for spending cuts to health care or education. >> i'm not going to have a situation where the wealthiest among us, including folks like me, get to keep all our tax breaks and then we're asking students to pay higher student loans. >> reporter: even so, democrats worry mr. obama might cave to republicans, their biggest fear, the president will do what he considered in 2011, raise the eligibility age for medicare, a top house democrat monday warned the white house to tread lightly. >> now that would save a lot of money for the federal government and look good on the balance sheet but he's not going to vote for it and i'm not going to vote for it. >> reporter: this is a big part of the story to come. if there's a deal that's a huge break-through but lawmakers still have to vote for it and democrats oppose large structural cuts to medicare and most republicans oppose income tax rates on the so-called wealthy. that's why lawmakers were told not to make bi
obama wants to raise them for households earning more than $250,000 a year. he has so far resisted gop demands for spending cuts to health care or education. >> i'm not going to have a situation where the wealthiest among us, including folks like me, get to keep all our tax breaks and then we're asking students to pay higher student loans. >> reporter: even so, democrats worry mr. obama might cave to republicans, their biggest fear, the president will do what he considered in 2011,...
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president obama and i guess the democratic leaders said we won't even talk about it. no money, no savings, no review of food stamps. it can't be changed. it should be left alone. well, that's not a good plan. i as the ranking member on the budget committee have begun to look at the program to see how it is we have had such great increases. now the agriculture establishment says that every single dollar that's spent is needed for hungry people. i offered an amendment that would have reduced spending over ten years from $800 billion total to $792 billion, reducing spending by $8 billion based on closing a loophole, a categorical eligibility gimmick that should not be there, allowing people to receive benefits that didn't qualify for them. and it was said oh, you want people to be hungry. he was voted down. i thought it was a very modest, reasonable change. by the way, the agriculture spending in our government is different than a lot of people think. mr. president, what is the status of our time? the presiding officer: time for morning business has expired, sir. mr. ses
president obama and i guess the democratic leaders said we won't even talk about it. no money, no savings, no review of food stamps. it can't be changed. it should be left alone. well, that's not a good plan. i as the ranking member on the budget committee have begun to look at the program to see how it is we have had such great increases. now the agriculture establishment says that every single dollar that's spent is needed for hungry people. i offered an amendment that would have reduced...
SFGTV2: San Francisco Government Television
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well today through president obama's leadership, secretarlahood leadership, the vision of the leaders on the stage we are here to commit $942 million to fulfill that promise. [applause] >> with the signing of this grant agreement we are taking $942 million paid by california taxpayers and to create jobs now when we need them. we're also using those dollars to improve the quality of life, and as jackie spear pointed out plan for the future and economic prosperity of this whole area. when this subway extension opens as senator feinstein pointed out there will be 44,000 people using this light rail line. what she didn't point out that will make it the second or third busiest light rail in the united states. this is an environment that needs to be made and once it's built are gone the days when we have senior citizens watching the drive by and waiting for a bus that won't stop and then they have to stand on the bus and that bus has to crawl through the same traffic as the cars and get there in way too long period of time. means we will get into a elevator and on the rail and get to your d
well today through president obama's leadership, secretarlahood leadership, the vision of the leaders on the stage we are here to commit $942 million to fulfill that promise. [applause] >> with the signing of this grant agreement we are taking $942 million paid by california taxpayers and to create jobs now when we need them. we're also using those dollars to improve the quality of life, and as jackie spear pointed out plan for the future and economic prosperity of this whole area. when...